Spotify Technology (SPOT) Asset Utilization Ratio (2018 - 2026)
Spotify Technology (SPOT) posted Asset Utilization Ratio of 1.24 for Q1 2026, up 10.37% sequentially from 1.12 in Q4 2025, and down 7.04% YoY from 1.33 in Q1 2025.
Spotify Technology (SPOT) Asset Utilization Ratio (2018 - 2026) Analysis & Trends
Spotify Technology has reported Asset Utilization Ratio for 9 years, with the latest figure at 1.24 in Q1 2026.
- Quarterly Asset Utilization Ratio fell 7.04% year-over-year to 1.24 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 1.24 (down 7.04% YoY) and the FY2025 annual result came in at 1.32, down 14.05% from the prior year.
- Asset Utilization Ratio improved to 1.24 in Q1 2026 per SPOT's latest filing, from 1.12 in the prior quarter.
- Over five years, Asset Utilization Ratio peaked at 1.68 in Q3 2023 and troughed at 1.12 in Q4 2025.
- A 5-year average of 1.46 and a median of 1.51 in 2024 frame the typical range for Asset Utilization Ratio.
- The sharpest annual moves came in 2022 and 2025: Asset Utilization Ratio surged 38.99% in 2022, then dropped 20.78% in 2025.
- Over 5 years, Asset Utilization Ratio stood at 1.59 in 2022, then increased by 4.33% to 1.66 in 2023, then dropped by 16.4% to 1.39 in 2024, then dropped by 19.31% to 1.12 in 2025, then increased by 10.37% to 1.24 in 2026.
- According to Business Quant data, Asset Utilization Ratio over the past three periods registered 1.24, 1.12, and 1.15 for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,253.34 Bn | 3,824.30 Bn | 73.85 Bn | 0.55 |
| 2 | Meta Platforms | 1,548.59 Bn | 1,458.33 Bn | 49.47 Bn | 0.54 |
| 3 | Taboola.com | 1,144.63 Bn | 1,144.50 Bn | 139.48 Mn | 1.24 |
| 4 | Baidu | 289.09 Bn | 284.60 Bn | 1.88 Mn | 0.28 |
| 5 | Spotify Technology | 104.28 Bn | 94.04 Bn | 1.75 Bn | 1.24 |
| 6 | Joyy | 78.58 Bn | 77.69 Bn | 205.64 Mn | 0.28 |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | - |
| 8 | Nebius | 49.00 Bn | 39.37 Bn | 295.20 Mn | 0.05 |
| 9 | 30.74 Bn | 27.96 Bn | 734.60 Mn | 0.78 | |
| 10 | Tencent Music Entertainment | 27.35 Bn | 24.65 Bn | 514.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.24 |
| Dec 31, 2025 | 1.12 |
| Sep 30, 2025 | 1.15 |
| Jun 30, 2025 | 1.26 |
| Mar 31, 2025 | 1.33 |
| Dec 31, 2024 | 1.39 |
| Sep 30, 2024 | 1.45 |
| Jun 30, 2024 | 1.51 |
| Mar 31, 2024 | 1.59 |
| Dec 31, 2023 | 1.66 |
| Sep 30, 2023 | 1.68 |
| Jun 30, 2023 | 1.62 |
| Mar 31, 2023 | 1.59 |
| Dec 31, 2022 | 1.59 |
| Sep 30, 2022 | 1.56 |
| Jun 30, 2022 | 1.53 |
| Mar 31, 2022 | 1.47 |
| Dec 31, 2021 | 1.39 |
| Sep 30, 2021 | 1.27 |
| Jun 30, 2021 | 1.10 |